Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 4 weeks ago 99
Whenever I walk down a high street I can’t help looking through the window of the local estate agents and letting agents.
I stand there working out rental yields and often I get tempted to buy.
Do you ever do that?
The only reason I stopped buying a few years ago is that I had already achieved all of my financial goals having been in the property investment business for over 20 years. For me it was time to stop investing and to start living.
My current lifestyle is only possible as a result of many years of building my property portfolio.
Over the years I have created systems for everything I do in terms of property investment and property/tenant management and it’s those systems which now afford me the luxuries in life of freedom and opportunity to do what I enjoy best. It’s not all about travelling, spending time with family and sitting on beaches though. I love to engage with other landlords, hence my commitment to sharing best practice on this property forum which, as you may be aware, is funded entirely by donations and sponsorships.
Some of the most common questions I get asked are; how did you do it, is it still possible, what would you do if you were starting again today? Well if you read all 6,000+ posts on Property118 you will get a good idea, however, I’ve been thinking to myself that there must be an easier way to share what I know and to make it relevant to what’s happening in the buy to let property investment business today.
The idea I came up with is to ask you (Property118 readers) where you would consider buying. I will then investigate that area, select a property that I would buy myself (if I was still investing) and explain why. More to the point, I will also document how I would finance, let, manage and maintain the property along with the “desk top due diligence” I would ordinarily do prior to committing to viewing a property with a view to making purchase.
Would you find that useful?
If so, please leave a comment in the section below and let me know which areas you would like me to investigate.
Now I won’t necessarily pick the same properties that you would. That’s because we are all different and we all have a variety of motives for investing into property. Therefore, please don’t ask me to look into high yielding properties such as HMO’s, student properties or housing for state supported tenants as that’s not what I know about. I don’t know much about very high value properties either, my market is far more akin to properties which will appeal to Mr and Mrs Average, either with children of school age or retired. What you might find useful, even if we do do pick different properties, is the way I go about making my decisions.
I will assume that in every case I have access to up to £100,000 cash to invest. Based upon my findings I will explain how many properties I would buy using that money, how much finance I raise in terms of mortgages and how much capital I would retain for a rainy day.
The types of properties I will be selecting will be as follows:-
So back to my question, what areas (towns and or cities) would you like me to look into and why?
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